MiFID II’s rollout into the middle of a market reversal and complaints about asset manager fees couldn’t have come at a worse time.
Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.
The Trump administration’s Chapter 14 – a misguided attempt to end “too big to fail” by sending bank resolutions to court – will only heighten systemic risk.
For the first time, visitors to Hong Kong will soon have to declare cash they bring in. But money laundering will continue to flourish.
Proposed virtual banks rules fail to address the true future of financial services, risking Hong Kong’s descent into irrelevancy.
Once in a while capitalism must be rescued from the excesses of bankers and central banks. Governments can’t kill ideas, but it takes them a long time for them to concede or adapt.
Despite technological improvement and innovation, FIs are still not embracing fintech, and start-ups are finding it harder than expected to gain traction.
US banks lobbied hard for a rollback of the Volcker Rule and a return to proprietary trading to bolster profits. They will soon find that it’s now a different world.
The return of SAC Capital’s founder with a new venture reveals the complicated ethics of a post financial crisis world.
The unbundling of research costs will not only create more transparency but usher in a collapse and change in banking research.